Form 4: Richard D. Parsons Reports Changes in Beneficial Ownership of Estee Lauder Companies Inc. Stock

Director Richard D. Parsons reports acquisition of Estee Lauder Companies Inc. stock units through dividend equivalent reinvestments.

Summary

• Richard D. Parsons, a director of Estee Lauder Companies Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of stock units representing Class A Common Stock on June 17, 2024, due to reinvestment of dividend equivalents.
• Parsons acquired 79.3 stock units directly and 35.22 stock units indirectly as Co-Trustee for the Rebecca L. Parsons 2012 Trust.
• The price per share for the dividend equivalent reinvestment was $114.88.
• Following the reported transactions, Parsons beneficially owns 13,883.79 stock units directly and 6,166.76 stock units indirectly.
• The stock units will be paid out on the first business day of the calendar year following the last date of Parsons' service as a director of the Company.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard regulatory filing reporting insider transactions. There are no indications of significant positive or negative events.

Positives

• The acquisition of stock units through dividend reinvestment indicates Parsons' continued investment in the company.

Future Outlook

The stock units will be paid out the first business day of the calendar year following the last date of the Reporting Person's service as a director of the Company.

Industry Context

This filing is a routine disclosure related to insider transactions and provides insight into the holdings of a key company director. It is typical for directors to receive stock units and reinvest dividends.

Key Dates